Latam 8 March 18

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Latam 8 March 18

The last few months were difficult for Macri administration. Its popularity dropped to the pre-October election levels of around 46% after surging in late Oct-Nov, consumer confidence suffered the overall mood among investors and the business community clearly took a bearish turn. The government still has the advantage that the Peronist party is divided between “Kirchneristas” and orthodox and there is little chance they can get together and unified to the presidential elections.